2772. Merchants & Planters National Bank (Augusta, GA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
1703
Charter Number
1703
Start Date
March 25, 1875
Location
Augusta, Georgia (33.471, -81.975)

Metadata

Model
gpt-5-mini
Short Digest
f2f8fa1c

Response Measures

None

Description

Multiple papers (Mar-Apr 1875) report that the stockholders decided to close the Merchants' and Planters' National Bank of Augusta because it does not pay to run it. No runs or receivership mentioned; closure appears voluntary by stockholders.

Events (1)

1. March 25, 1875 Suspension
Cause
Voluntary Liquidation
Cause Details
Stockholders voted to close the bank because it does not pay to run it — a voluntary decision to cease operations.
Newspaper Excerpt
The stockholders of the Merchants' and Planters' National Bank, of Augusta, have decided to close that institution, on the ground that it does not pay to run it.
Source
newspapers

Newspaper Articles (3)

Article from The Daily Phoenix, March 25, 1875

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Article Text

GRANGERS.-All is not lovely among brethren of the Grange. The Patrons of Husbandry in Iowa are splitting up into independent fragments. The reported grievance is that the Grange has lost all confidence in the National officers, and that the finances have been mis-managed. It is stated that the late exhibition of the financial management of the National Grange will lead to a general withdrawal and abandonment of the concern. Two colored boys were playing with a supposed unloaded gun, a short time ago, in Christ Church Parish, when the weapon exploded, and one of them, named Hammond Major, so severely wounded that he died soon after. The Legislature of Missouri ill make seduction a felony. The unfortunute girl, by the new bill, must be able to prove that her seduction was accomplished under promise of marriage. A colored woman, named Leah Davis, was killed by lightning, in her house, on Mrs. Colclough's plantation, Sumter, on Sunday, 14th inst., her child being at the same time severely stunned. The stockholders of the Merchants' and Planters' National Bank, of Augusta, have decided to close that institution, on the ground that it does not pay to run it. Are colored eggs for Easter permissible under the Civil Rights Act?-Richmond Enquirer. Eggs of all colors Good Fried-eh? The failure of Preston N. Stetson, the Mobile branch of a Boston firm, is announced. Liabilites, $250,000. + There were 40 deaths in Charleston for the week ending the 20th-whites 14; colored 26. Mr. Wm. C. Kellett, of Greenville, died on the 22d.


Article from The Daily Phoenix, March 25, 1875

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Article Text

GRANGERS. All is not lovely among brethren of the Grange. The Patrons of Husbandry in Iowa are splitting up into independent fragments. The reported grievance is that the Grange has lost all confidence in the National officers, and that the finances have been mis-managed. It is stated that the late exhibition of the financial management of the National Grange will lead to a general withdrawal and abandonment of the concern. Two colored boys were playing with a supposed unloaded gun, a short time ago, in Christ Church Parish, when the weapon exploded, and one of them, named Hammond Major, was so severely wounded that he died soon after. The Legislature of Missouri will make seduction a felony. The unfortunate girl, by the new bill, must be able to prove that her seduction was accomplished under promise of marriage. A colored woman, named Leah Davis, was killed by lightning, in her house, on Mrs. Colclough's plantation, Sumter, on Sunday, 14th inst., her child being at the same time severely stunned. The stockholders of the Merchants' and Planters' National Bank, of Augusta, have decided to close that institution, on the ground that it does not pay to run it. Are colored eggs for Easter permissible under the Civil Rights Act?-Richmond Enquirer. Eggs of all colors Good Fried-eh? The failure of Preston N. Stetson, the Mobile branch of a Boston firm, is announced. Liabilities, $250,000. *There were 40 deaths in Charleston for the week ending the 20th-whites 14; colored 26. Mr. Wm. C. Kellett, of Greenville, died on the 22d.


Article from Yorkville Enquirer, April 1, 1875

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Article Text

resigned, in order to avoid the disagreeable duty of hanging a negro, who was to have been executed last Friday. On this account the convict has been respited until September 3rd, by which time a new Sheriff and county officers will be elected. - The tornado which swept over a portion of South Carolina and Georgia, extended as far north as Raleigh. Passing over Chatham and Randolph, property in those counties sustained heavy damage. Chatham Superior Court was in session at Pittsboro, and so violent was the storm, that the judge adjourned the court, exclaiming, "Gentlemen, we will leave the verdict of this case in the hands of God." The roof of the Court House was blown off; and a portion of the timbers fell in, but no one was injured. The Presbyterian church was completely ruined, and several other buildings were blown down. It is stated that $50,000 will not repair the damage done to the factories and mills in Randolph county. - Says the Asheville Pioneer A Deputy Marshal, while searching for illicit distilleries in Yancey county, came across one superintended by a woman, who stoutly resisted the officer in levying on the contraband property. She denounced the revenue laws as oppressive and the tax as a fraud. The officer attempted to reason the matter with her by stating that the distilleries consumed what little grain was raised in the country, and thereby snatched the bread, which is the staff of life, from the mouths of starving women and children. "Sir," exclaimed the she-boss of the boiling cauldron, "bread may be the staff of life, but whisky is life itself." This was a stunner, but her life-preserver was destroyed. MERE-MENTION. The funeral of Charles Sumper cost MassaMr. David Dickchusettss $29,250.40. son, well known as a successful farmer, and as the originator of the "Dickson Cotton," died at his home, in Oxford, Georgia, on the 16th Rusult., after an illness of several weeks. sia has twelve thousand miles of railway in The citizens of Augusta have operation. contributed six thousand dollars to aid the sufferers from the late tornado, which has devastated several counties of the State, from the The Chattahoochee to the Savannah river' Irish Societies of New York, Brooklyn, and other cities are taking steps to hold public meetings in order to express regret for the death of John Mitchel. Col. Dudley W. Adams, worthy master of the National Grange, Patrons of Husbandry, has purchased six hundred acres of land in Florida with the intention of establishing an orange orchard. Archbishop McCloskey, of New York, has A been raised to the dignity of a Cardinal member of the Illinois Legislature has introduced a bill providing that "any person asking another to drink any intoxicating liquor shall be fined not less than $20 and not more than $100.' Recently a telegraphic message was sent as an experiment from Harvard College to San Francisco and back-a distance of eight thousand miles-in the space of two-thirds of a second. The object of the experiment was to ascertain as exactly as possible the least space of time required for the transmission of the fluid through long The stockholders of the lines of wire. Merchants' and Planters' National Bank, of Augusta, have decided to close that institution, on the ground that it does not pay to run it. The Alabama legislature adjourned on Tuesday of last week after having been in session one hundred and one days, during which over five hundred laws were enacted. The petroleum supply of Pennsylvania is apparently inexhaustible, and new wells are being sunk every day, despite the fact that the crude article commands but one cent per gallon. Mr. Tweed remarks, after mature deliberation, that it is a good deal easier to get into prison than out of it, and the courts sustain The loss of a set of false teeth his opinion did not prevent a marriage at Cairo. The bride tied a handkerchief over her mouth and John told the minister to "go aheath." Mitchel was buried in a church-yard at Newry, Ireland. Over 10,000 people attended the funeral The Post-office Department has determined to enforce the rule prohibiting postmasters from selling postage stamps outside of the territory within the delivery of their respective offices. Violations of the rule have already resulted in the discontinuance The special of a number of post-offices session of the Senate adjourned last Wednesday. The last act of the Senate in executive session was to table the nomination of Don