Bank of Augusta - Augusta, GA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 9, 1815
Location: Augusta, Georgia (33.471, -81.975)

Metadata

Model: gpt-5-mini
Short Digest: c5d20c57

Response Measures

None

Description

Article (Richmond Enquirer, 1815-12-12) reports the Georgia senate appointed a committee to inquire whether the Bank of Augusta forfeited its charter because directors refused to pay specie for bills issued. This indicates a government inquiry/action toward forfeiture (suspension and likely permanent closure). No explicit run is described.

Events (1)

1. December 9, 1815 Suspension

Cause: Government Action
Cause Details: Georgia legislature appointed committee to investigate forfeiture of charter because directors refused to pay specie on bills issued.
Newspaper Excerpt: the senate of Georgia have appointed a committee to co-operate with a similar one to be appointed by the house of representatives, to inquire and report whether the Bank of Augusta has not forfeited its charter, in consequence of the directors having refused to pay specie for the bills issued by them.
Source: newspapers

Newspaper Articles (1)

1. December 12, 1815 Richmond Enquirer Richmond, VA

Article from Richmond Enquirer, December 12, 1815

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Article Text

Alexandria, December 9. The brig Trim, capt. Cleveland, on her passage from Gibraltar to this port, on the 25th of October, in lat. 31, long. 20, passed a substance in the water about 25 or 30 feet from the vessel, which, from its extraordinary appearance, induced the captain to tack ship with a view to examine what it was--the wis d being light from W. S. W. caused the boat to be lowered down, and sent the mate with two men to make diseovery. On their return they gave the following description When we came in sight of the before-mentioned substance, turned the boat and backed her stern nearly over him, then about four feet under water, lying quoiled up with his head on the top of the quali-the head b ing pointed and about 12 or 14 inches in length, with upper and lower tushes or teeth, appeared from 3 to s inches ontside the jaw, shut within each other, appeared curvely like the tush of it hog, and extremely white. His body had the appearance in size of 2bout 3 to Sh feet in circumference, tapering towards the tail-his colour was of the deepest crimson, and reflected the water some yar 's round. The boat being to feeward of the reptile, the little wind and sea, while they stood viewing him, drifted it off'nbout 30 to 46 feet, the mate then CO cluded to hook him: the noise of the oars at the first stroke started him, he threw himse If out his length with his head towards the boat and came very near raising himself nearly to the surface of the water in an attitude of attack, it was judged best to make for the vessel. His length could not have been less than 30 to 40 feet and we judge him to be in form and appearance like to a sea serpent. [Gazette. The senate of Georgia have appointed a commit. tee to co-operate with a similar one to be appointed by the house of representatives, to inquire and report whether the Bank of Augusta has not forfeited its charter, in consequence of the directors having refused to pay specie for the bills issued by them. ECEIVED by us and ready for delivery to Subscribers, part 2d of Vol. XXIV. and part 1st of Vol. XXV of REES'S CYCLOPEDIA. The circumstances which occasioned the suspension of the publication OF this valuable and highly interesting work being now happily removed, no apprehe usion need be entertained of any fuether interruptions until t is completed. FITZWHLSONN 6. POTTER F. & P. have for sale, Hough & Bounee's elegant Map of the State of Ohio, mounted on rollers and in a portable slipe --several Geographical works of John Melish Virginia Coses, by Judges Brockenbrough and Holmes the Lady & Gentleman's Poeket Almannek for 1816, the latter of which cotitains many tables and notices useful to the Farmer, Merchant and Pelitician: a large and elegant supply of Pen Knives, and a very extensive assortment of Stationary. PIANO FORTES, and complete sets of strings: German Flutes; Violin bows and strings, Clarionettes, Music, &c. &c. December 12. 95-w3w