2892. Bank of Harlem (Harlem, GA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 5, 1917
Location
Harlem, Georgia (33.415, -82.313)

Metadata

Model
gpt-5-mini
Short Digest
16a44d45

Response Measures

None

Description

Articles (Jan 5–7, 1917) report the Bank of Harlem taken in charge by the Assistant State Bank Examiner after directors admitted insolvency and petitioned for a receiver. No run or depositor panic is mentioned; bank placed in receivership/closed.

Events (2)

1. January 5, 1917 Receivership
Newspaper Excerpt
The Bank of Harlem at Harlem Ga., has been taken in charge by Assistant State Bank Examiner J. F. Price, the directors having admitted that it was insolvent and petitioned that a receiver be appointed for it.
Source
newspapers
2. January 5, 1917 Suspension
Cause
Government Action
Cause Details
Taken in charge by Assistant State Bank Examiner after directors admitted insolvency and petitioned for a receiver.
Newspaper Excerpt
The Bank of Harlem, at Harlem, Ga., has been taken in charge by Assistant State Bank Examiner J. F. Price, the directors having admitted that it was insolvent and petitioned that a receiver be appointed for it.
Source
newspapers

Newspaper Articles (2)

Article from Atlanta Semi-Weekly Journal, January 5, 1917

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Article Text

HARLEM BANK DIRECTORS ADMIT IT IS INSOLVENT The Bank of Harlem, at Harlem, Ga., has been taken in charge by Assistant State Bank Examiner J. F. Price, the directors having admitted that it was insolvent and petitioned that a receiver be appointed for it. This bank is capitalized at $31,900 and was organized in 1905. State Bank Examiner W. J. Speer has ratified an agreement reached between the stockholders of the Jenkins County bank at Millen and the First National bank of Millen whereby the latter will become liquidating agent for the former, it having agreed to pay off all depositors and other obligations of the Jenkins County bank. widespread opposition throughout the state that he can be named. And even if Mr. Osborne were the only Savannahian who for political reasons could have the indorsement of the senators, I do not see why that should mean that every Sa. vannahian who does not indorse his past political methods and his views should be sandbagged into supporting him. "As a matter of fact I believe that the opposition to Mr. Osborne, locally, is very limited compared to the opposition to him throughout the state. Whether this opposition will prevent his appointment I do not know. I have simply acted as my conscience dictated. I have been governed by what I deem the best interests of the entire public. My protest has been voiced, but I am not leading any fight nor do I expect to assume any such position."


Article from The Cordele Dispatch, January 7, 1917

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Article Text

THE LAST WORD IN PROTECTION. ORDER ONE NOW OR WRITE FOR DEMONSTRATION New Era Mfg. Co. R. H. INGERSOLL, Pres., NEW YORK. Atlanta Office: Fourth National Bank Building, Atlanta, Ga. BANK OF HARLEM CLOSED. Atlanta, Jan. 5.-The Bank of Harlem at Harlem Ga., has been taken in charge by Assistant State Bank Examiner J. F. Price, the director having admitted that it was insolvent and petitioned that a receiver be appointed for it. This bank is capitalized at $31,900 and was organized in 1905. State Bank Examiner W. J. Speer has ratified an agreement reached between the stockholders of the Jenkins County Bank, at Millen and the First National Bank of Millen, whereby the latter will become liquidating agent for the former. it having agreed to pay off all depositors and other obligations of the Jenkins County Bank.