2691. City Bank (Atlanta, GA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
November 21, 1878
Location
Atlanta, Georgia (33.749, -84.388)

Metadata

Model
gpt-5-mini
Short Digest
f44c725c

Response Measures

None

Description

Multiple newspapers (Nov–Dec 1878) report the City Bank of Atlanta has suspended and suspended and closed doors. Article (Nov 21) states liabilities about $55,000 and trustees seeking compromise with creditors, indicating insolvency rather than a rumor-driven temporary run. No explicit run described and no clear reopening; therefore classified as a suspension leading to closure. Bank type not specified in articles.

Events (1)

1. November 21, 1878 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank reported liabilities ~ $55,000; trustees seeking compromise with creditors, indicating insolvency/poor assets rather than a rumor or external shock.
Newspaper Excerpt
the City Bank of Atlanta has suspended business, with liabilities of about $55,000. The trustees will endeavor to compromise with the creditors at fifty cents on the dollar.
Source
newspapers

Newspaper Articles (4)

Article from The New Orleans Daily Democrat, November 22, 1878

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Article Text

Convicted of Obstructing the Election Laws-An Atlanta Bank Failure. CINCINNATI, Nov. 21.-John Brady, alias Buck Brady, on trial in the United States Court for interfering with United States supervisors at the late election, was found guilty this morning. He is lieutenant of police. A Star special from Atlanta, Ga., says the City Bank of Atlanta has suspended business, with liabilities of about $55,000. The trustees will endeavor to compromise with the creditors at fifty cents on the dollar.


Article from Yorkville Enquirer, November 28, 1878

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railroad the bridge ing MERE-MENTION. Eminent physicians of New York make Hon. from $40,000 to $70,000 a year Robert L. Taylor, Democrat, of the first Tennessee District, will be the youngest member of the forty-sixth Congress, being just of ConstiWash A tutional age-twenty-five years. ington paper speaks of an increase in Hon. A. H. Stephens' weight, as "another DemoIn Collin county, Texas, cratic gain. The corn is seling at 10 cents per bushel City Bank of Atlanta, Ga., has suspended. The stock-holders lose their entire investment. The national House of Representatives is composed of 293 members. In the last house there were 209 lawyers. In the Senate, the proportion of lawyers was equalTennessee hogs are selling ly as great in Asheville, North Carolina, at, 41 cents, Before this year's pogross, per pound litical contests are fairly over, those of 1879 have been begun. - The Kentucky Democratic State Convention has been called to meet Chicago at Louisville, May 1, 1879. has in her warehouses 50,000 barrels of flour, 6,000,000 bushels of grain, 64,000 barrels of pork, 37,000 tierces of lard and 61,500,Gen. Gordon has 000 pounds of meats. been re-elected to the United States Senate by the Georgia Legislature, receiving all but The Commis five votes in the two houses. sion of physicians, appointed by some- Wash ington authority, to inquire into the causes of yellow fever at certain points, say that the only preventive is strict quarantine. DisinBecause fectants, they say, do no good. it didn't pay, the Charlotte, Columbia and Augusta Railroad took off, last Sunday, its Atrecently added night passenger train torney Turner, of the Memphis Criminal Court, who was elected last August on the National ticket, has appointed Frank Cassels (colored) as Assistant Attorney Gen Dr. Carver the wonderful markseral. man, has been astonishing people of Augusta, Ga., by his skill with the rifle. From AugusFor the fiscal ta he goes to Aiken, S. C. year just closed, the colored people of Georgia returned taxable property reaching an agAs a regregate value of $5,430,844. sult of the effects of the prohibition law in Maine, it is stated that while the consumption of liquor has been largely checked, the consumption of opium has greatly increased. Walter H. Lynch, an express messenger between Yemassee and Augusta, has been committed to the Augusta jail, charged with taking a $25,000 package of money which had been started to Augusta per express by G. W. One Williams & Co., of Charleston. day last week, the Governor of Pennsylvania issued five death warrants. All the executions are to be on the 18th day of December. The prices of some articles are eighteen per cent. lower than before the war. Corn has not been 80 low since 1845, excepting in 1861 cotton not S0 low in twentyA three years, and mess pork since 1844. Washington dispatch says in his forthecoming message, the President will make the alleged outrages and violations of law in the South during the late Congressional elections, a prominent topic of comment, and present the subject to Congress for such action as the cirThe Howard Assocumstances demand ciation of New Orleans, is unable to pay its debts by $30,000, and is appealing for aid. Thomas H. Powers of the drug manufacturing house of Powers & Weightman, of Philadelphia, died in that city on Wednesday of last week. The forthcoming naval report of the Secretary, will show that our navy is well adapted to a peace establishment, and that even in case of a foreign war, ninety vessels for hostile purposes could at once be supplied.


Article from The Anderson Intelligencer, December 12, 1878

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GENERAL NEWS SUMMARY. - The bonded debt of Memphis $2688814 - The Arkansas Legislature January 18. - Virginia spends $12,000,000 ally for liquor. - An Iowa farmer has a barn eighth of a mile long. - The mercantile marine of the world consists of 57,000 vessels. - A Springfield, Mass., doctor trained two horses to chew tobacco. - The South has a colored voting population of over a million. - Galveston, Texas, is fast becoming the most important city on the Gulf. - Mrs. Haskell, State Librarian Tennessee, is a candidate for re-election - A Memphian undertook to whip wife, and had to be hauled to the pital - Holders of Tennessee bonds offer compromise on two-thirds of the value. - The most eminent physicians New York make from $40,000 to $70,000 Year. B Mr. Makepeace, of North Carolina raised 604 bushels of Irish potatoes the acre. - Bob Ingersoll and hell are being discussed in the same connection all Kentucky. - The Dallas Commercial claims tha Texas exports this year will bring $50,000,000. Savannah and Charleston are in speaking distance by means of telephone. - The City Bank of Atlanta, which never had much bottom, has suspended and closed doors. --- A Virginia girl with the whooping cough drew a bean into her windpipe moments, maj U u! peip - Dr. Blodgett, a missionary in China estimates the number of deaths by ine in North China at 10,000,000. - About one hundred and fifty of present members of the House of Repre sentatives have been re-elected. The bar-keepers of Atlanta protes against the passage of the Moffet punch law by the Georgia Legislature. The decomposed bodies of cats, and birds are found in cellars and houses of epidemic. Memphis that were closed during - The quicksilver yield of California for the current year is estimated at 8,000 flasks, probably of the aggregate value 0000009'3$ Jo One hundred and seventy-one boxes of unstamped tobacco were found in "o N county, ill barn PI° a revenue officer. - The stables of a horse Railroad Company of Peoria, III., was burnt the night of the 21st ult. Thirty horses were roasted alive. - The number of students in the department of the University of Virginia is greater this session than it has been a number of years. - A colored woman who sat down B Jo the watch 01 B in Russellville, left her ceat before the close of the entertainment. - Meetings are being held and the tobacco-producing counties of Virginis demanding, not only a reduction, but abolition of tax on tobacco. - The Alabama Legislature has passed a law allowing its members mileage 10 cents each way from their respective court houses, and $4 per diem. - Boyd, aged twenty-eight, is the youngest member of the Georgia Legis lature, and Holcome, aged sixty-one weighing 284, is the oldest and heaviest -- The Tennessee Historical Society claims to have Daniel Boone's musketthe veritable "Old Betsy"-and the folio owned and used by Henry Clay the Senate. - The Columbus Enquirer foots thirty cotton-gin houses destroyed Georgia this season. The greater tion are incondiaries. thought to have been caused In the forty-second Congress there were nine negroes; in the forty-third seven; in the forty-fourth, four in the forty-fifth, three; in the forty-sixth there will be one, Bruce, of Mississippi. A terrible explosion occurred Sullivan Coal Mine, (Ind.,) recently, sulting from the ignition of gas by the flame of a lamp. Thirteen men ded. killed outright, and eight or ten The Legislature of Georgia elected as Superior Judges Claiborne Snead John L. Harris, A. M. Speer, Hersche V. Johnson, Thos. G. Lawson, J.W. Underwood, A. H. Hansill, Arthur S y pur pooH - The Secretary of the Treasury


Article from The Anderson Intelligencer, December 12, 1878

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Article Text

GENERAL NEWS SUMMARY. a The $2,688,140. bonded debt of Memphis The Arkansas Legislature SI Lienuer 0000000'70 spuads ally for liquor. An Iowa farmer has a barn eighth of a mile long. - The mercantile marine of the ( world consists of 57,000 vessels. e) - A Springfield, Mass., doctor two horses to chew tobacco. - The South has a colored 0 population of over a million. - Galveston, Texas, is fast becoming the most important city on the Gulf. - Mrs. Haskell, State Librarian Tennessee, is a candidate for re-electio - A Memphian undertook to whip no wife, pital. and had to be hauled to the - Holders of Tennessee bonds offer value. compromise on two-thirds of the - The most eminent physicians New York make from $40,000 to $70.00 Year. 1: Mr. Makepeace, of North Carolin raised 604 bushels of Irish potatoes the acre. - Bob Ingersoll and hell are discussed Kentucky. in the same connection all - The Dallas Commercial claims Texas $50,000,000. exports this year will bring - Savannah and Charleston are in telephone. speaking distance by means of - The City Bank of Atlanta, never had much bottom, has suspend and closed doors. - A Virginia girl with the whoopin cough drew a bean into her windpipe died in a few moments. - Dr. Blodgett, a missionary in Chin estimates the number of deaths by ine in North China at 10,000,000. - About one hundred and fifty of present members of the House of sentatives have been re-elected. - The bar-keepers of Atlanta against the passage of the Moffet be punch law by the Georgia Legislature. - The decomposed bodies of cats, and birds are found in cellars and e of epidemic. Memphis that were closed during - The quicksilver yield of Californ for the current year is estimated at a flasks, probably of the aggregate Jo - One hundred and seventy-one of unstamped tobacco were found in to" old barn in Granville county, N. C., I a revenue officer. - The stables of a horse Railro: I Company of Peoria, Ill., was burnt the night of the 21st ult. Thirty were roasted alive. A 0 - The number of students in the L department of the University of Virgin of is greater this session than it has been Years. JO number U I имор qus otf. ившом colored V a bee-hive to watch the progress of a in Russellville, left her seat before 7 close of the entertainment. 7 - Meetings are being held and S tobacco-producing counties of Virgin S demanding, not only a reduction, but abolition of tax on tobacco. S - The Alabama Legislature has a law allowing its members mileage 3 10 cents each way from their respecti court houses, and $4 per diem. S - Boyd, aged twenty-eight, is a youngest member of the Georgia P lature, and Holcome, aged sixty-one 0 weighing 284, is the oldest and heavic Historical Tennecese The claims to have Daniel Boone's musket a the veritable "Old Betsy"-and the S folio owned and used by Henry Clay = the Senate. S - The Columbus Enquirer foots S thirty cotton-gin houses destroyed Georgia this season. The greater 8 tion are thought to have been caused incondiaries. Il - In the forty-second Congress the to were nine negroes; in the forty-thir P seven; in the forty-fourth, four in 0 forty-fifth, three; in the forty-sixth the a. will be one, Bruce, of Mississippi. S A terrible explosion occurred 0 Sullivan Coal Mine, (Ind.,) recently, & sulting from the ignition of gas by flame of a lamp. Thirteen men " ded. killed outright, and eight or ten - The Legislature of Georgia u as Superior Judges Claiborne 0 John L. Harris, A. M. Speer, 7V. Johnson, Thos. G. Lawson, J. W. A "H 'V a S 'V pun pooH 30 - The Secretary of the Treasury SI e written a letter stating that there is S hand, for resumption purposes, the of $134,231,865.06 in coin, and that 71 least that amount will be available -1 S) resume specie payments January 1, - In a vote on the question of