2754. Citizens Bank (Augusta, GA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 1, 1881*
Location
Augusta, Georgia (33.471, -81.975)

Metadata

Model
gpt-5-mini
Short Digest
576a0d2c

Response Measures

None

Description

Articles (Dec 10, 1881) state the 'broken Citizens' Bank of Augusta, Ga., which went to pieces last spring' and that officers have been indicted for continuing business after the bank became insolvent. No contemporaneous run is described; the bank failed in spring 1881 and appears to have remained closed. Bank type not explicit from name.

Events (2)

1. April 1, 1881* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank became insolvent (failed in spring 1881); officers later indicted for receiving deposits after insolvency; internal mismanagement/large bad loans implied by insolvency statement.
Newspaper Excerpt
the broken Citizens' Bank of Augusta, Ga., which went to pieces last spring
Source
newspapers
2. December 10, 1881 Other
Newspaper Excerpt
The President, Cashier and Directors of the broken Citizens' Bank of Augusta, Ga., which went to pieces last spring, have been indicted by the Grand Jury for feloniously continuing the business and receiving deposits after the bank became insolvent. These are felonies under the Georgia law, with a penalty attached of not less than two nor more than four years in the Penitentiary.
Source
newspapers

Newspaper Articles (2)

Article from Southern Standard, December 10, 1881

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Article Text

PERSONAL AND GENERAL. THE Dockyard Church at Sheerness burned the other night and nine the England, persons are reported to have perished in flames. the county-seat of Wood- by Ark., was almost the fire on the night of the 28th. ruff AUGUSTA, County, Nearly destroyed like tinder. all buildings were wood and burned The Post-office, flour and cotton mills, three hotels, the Vidette printing-office and kinds a of business buildings of various score were swept away like chaff. Only three left buildings out of as many hundreds are instanding. A number of persons were it is jured by falling rafters and walls, and The feared that many were fatally burned. total loss is between $250,000 and $300,000, with but very small insurance. r THE ninth annual session of the d American Public Health Association began at Savannah, Ga., on the 29th, with good attendance. National Tariff Convention met 0 New York City on the 29th, in attendance. in fifty THE delegates Commissioner with some addresses, 1 Loring and Peter Cooper made and letters were read from Secretary Blaine g and others. U. S. Senator Miller, of New York, was chosen President of the Conven8 tion, with the usual number of Vice-Presig dents. MRS. MILLER, living four miles northe - west of Cedar Falls, Iowa, while in a condition of temporary insanity, killed two of her children and tried to kill third. She was e crazed by the death of her husband, which occurred recently. ry LEFROY, the murderer of Gold, in an e English railway carriage, was hanged on ly d the 29th. He was silent on his way from the cell to the scaffold, but his expression was C- ghastly. The drop was nine feet, and death d was instantaneous. THE Wise County Court-house, at es ed Decatur, Texas, burned on the 27th,with all its records and other contents. Loss on building $15,000, with no insurance. The of fire was incendiary in its origin, and as the is question of building a new court-house has 8, been agitated considerably of late, it is bees lieved to have been the work of interested iff parties. III THE business portion of Kosciusko, VMiss., has been destroyed by fire. Aggreto gate losses estimated at $60,000, partially inve sured. bTHE Prince Edward Island Bank, the chief financial institution on the little Canain dian Island of that name, has furnished ed rival to Baldwin in its cashier, Becker by S. name, who lent between $700,000 and $1,000,to 000 to unsubstantial parties and then fled res avoid arrest when a disclosure became inrs evitable. The bank has suspended for three months. The Directors and stockholders ta. er will called upon to make good the claims ise or depositors. 'eIN the recent furious storm on the on Australian coast the steamer Boisbone was to wrecked on a reef, the steamer Balelutha is foundered between Melbourne and Sydney, on and the schooner Schoolboy, with all board, was lost near Jewes Bay. in DR. JOHN BACON, Professor of Chemonly istry at Harvard College, is dead. the THE Irish National Convention asot. sembled at Chicago on the 30th, with a large le, attendance. Hon. Wm. J. Hynes, of Chior cago, was chosen President. ers, A DISPATCH from Odessa says: ed Jew-baiting mob stoned Sarah Bernhardt' in carriage as she was driving home from the eld, theater, on the ground that she was of Jew uly ish descent. They also stoned her hotel an stopped the performance at the theater. in THE President, Cashier and Directors rei of the broken Citizens' Bank of Augusta Ga., which went to pieces last spring, have debeen indicted by the Grand Jury for feloni ved ously continuing the business and receivin dedeposits after the bank became insolvent enThese are felonies under the Georgia law act. with penalty attached of not less than two im nor more than four years in the Penitentiary ght PAPERS have been filed with the and Clerk of the House of Representatives in ntal following Congressional election contests ion Alabama-First, Second, Fourth and Eight reDistricts; Florida-Second District; Iowalane Sixth District; Louisiana-Sixth District mer Maine-First District; Mississippi-Secon the and Sixth Districts; Missouri-Third D Ho trict; South Carolina-First, Second, Thir tten and Fifth Districts; Virginia-Fifth an stly Eighth Districts. in LOUIS BURKE and John Booker, ne ntly groes, were in jail at Oxford, N. C., charge lain with robbing and murdering Charles Lynch the a jeweler. The other night an armed bod by of fifty or sixty men visited the jail an ose. forced the jailer to deliver up the two mur otly, derers. They made full confession of th apcrime, after which they were carried to th reeoutskirts of the village and hanged to contree. his THE East Line and Red River Rai his road of Texas, at present extending from hen Jefferson to Greenville, 123 miles, has bee one transferred to the Gould system, and wi airty henceforth be designated as the Jefferso eral Branch of the M. K. &T. was WitBy the bursting of a boiler in Mann failOil Works, Yazoo City, Miss., six colore employees were injured, some at least ago, tally. elseeatTHE infant son of George Harfrance his at Akron, O., fell into a tub of hot wat off while his mother was scrubbing the floor arwas scalded to death. oth. ROBERT J. DUNLAP & Co., of Jerse tion City, N. J., alleged agents of the Royal H Paul, vana Lottery, have been operating large God through the West by means of circulars, oard are said to have reaped rich harvest. The the are unmitigated swindlers. lnesLATE Irish news: One thousand te on, I ants of Roscommon refuse to pay rent. Th the declare they will not apply to the Lar keit Court. Opposition to rent-paying is esp had cially marked in County Limerick. abted Sheriff holds 300 writs of eviction again that tenants for rent due. The Coroner's ju ask refound a verdict of murder against Inspect Strich, in charge of the police during an way. fray at Bellmullet, Ireland, when wom save named McDonough was killed A numb


Article from St. Landry Democrat, December 10, 1881

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Article Text

COMMERCE AND INDUSTRY. DECEMBER 9 has been designated as "Mayors' Day" at the Atlanta Exposition. The Mayor or his representative from every city in the Union is expected. THE National Tariff Convention met in New York City on the 29th, with some fifty delegates in attendance. Commissioner Loring and Peter Cooper made addresses and letters were read from Secretary Blaine and others. U.S. Senator Miller, of New York, was chozen President of the Convention, with the usual number of Vice-Presidents. THE Prince Edward Island Bank, the chief financial institution of the little Canadian Island of that name, has furnished a rival to Baldwin in its cashier. Becker by name, who lent between $700,000 and $1,000,000 to unsubstantial parties and then fled to avoid arrest when a disclosure became inevitable. The bank has suspended for three months. The Directors and stockholders will be called upon to make good the claims of depositors. THE Secretary of the Treasury has issued a call for $20,000,000 extended sixes, registered. THE President, Cashier and Directors of the broken Citizens' Bank of Augusta, Ga., which went to pieces last spring, have been indicted by the Grand Jury for feloniously continuing the business and receiving deposits after the bank became insolvent. These are felonies under the Georgia law, with a penalty attached of not less than two nor more than four years in the Penitentiary. THE East Line and Red River Railroad of Texas, at present extending from Jefferson to Greenville, 123 miles, has been transferred to the Gould system, and will henceforth be designated as the Jefferson Branch of the M., K. & T. THE debt statement issued Dec. 1 shows a decrease of the public debt during November of $7,249,126; cash in treasury, $245,042,866; gold certificates, $5,207,920; silver certificates,$66,663,830; refunding certificates, $579,250; legal tenders outstanding, $346,681,016; fractional currency outstanding, $7,093,128. Decrease of debt since June 30, 1881, $62,373,471. MR. O. W. RUGGLES, formerly General Passenger Agent of the Iron Mountain Railroad, has accepted a similar position with the Michigan Central. THE St. Louis & San Francisco Railroad has completed its extension of the Arkansas division to Benwood, Washington County, Ark., eighteen miles distant from Fayetteville. This new extension passes through the towns of Greenland and Westfork. THE junction of the Texas Pacific and the Southern Pacific was consummated on the 1st, at Mount Blanco, 90 miles east of El Paso and 610 miles west of Dallas. It was announced that through trains to the Pacific would be running by January 1. CRIMES AND CASUALTIES. WM. KNEIR and Nathan Greybill went out from Lancaster, Pa., to hunt muskrats. Greybill, mistaking his companion for